The ups and downs of trying to accumulate a seven-figure net worth on a five-figure salary, loose weight, get fit, and do a post-grad course while working full-time... oh, and train for air pistol competitions ;)

Thursday, 2 December 2010

Net Worth Update: November 2010

The stock market didn't do so well this month, what with Ireland going broke, North Korea going (more) insane, and locally the Reserve Bank raising interest rates only to find that the economy had practically ground to a halt in the last quarter (0.2% GDP growth). However our property valuations rose a bit during the month, so my overall net worth figure hardly declined. With the economy slowing down, unemployment rising slightly (although still at almost 'full' employment) and interest rates rising at a time household debt is at an all-time high, I don't expect Sydney real estate prices to rise in 2011 or 2012. Most likely prices will remain close to current levels, which will result in a small (5%-10%) drop in real prices over that period.

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The purpose of this web site is educational and commercial. Any investment ideas or financial information that you view on this site should be talked over with your licensed legal, financial, insurance, or investment advisor prior to executing any transactions.
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